It is easy to overlook the importance of contract management because it seems to be a boring, mundane topic. Contracts, however, are the basis of most business relationships. If contracts are managed well, business relationship will flourish. If they are not, companies face financial loss, relationship harm, and damaged reputations.

Course aims

With our “Contract Management” online training course, participants will discover the specifics of how contract management works and how to effectively source agents.

Course objectives

The objectives of this contract management online course are to:

Identify contract elements

Understand ethical contract management

Calculate value

Negotiate contracts

Create basic amendments

What’s covered in this course?

This contract management e-learning course covers the following:

Module One: Getting Started

Icebreaker

Housekeeping Items

The Parking Lot

Workshop Objectives

Module Two: Defining Contract Management

What is Contract Management?

Contract Types

Contract Elements

Risks of Poor Contract Management

Case Study

Module Two: Review Questions

Module Three: Legal and Ethical Contract Management

Contract Law I

Contract Law II

Defining Ethical Contract Management

Ethical Breaches

Case Study

Module Three: Review Questions

Module Four: Contract Management Requests

Choosing Potential Bidders

RFPs and Technology

Calculating Value

Making a Choice

Case Study

Module Four: Review Questions

Module Five: How to Create a Contract

Templates and Software

Compliance

Wording

Risks of Noncompliance

Case Study

Module Five: Review Questions

Module Six: Contract Negotiations

Be Prepared

Prioritize Terms

Remain Professional

Execute the Contract

Case Study

Module Six: Review Questions

Module Seven: Assess Performance

What Performance Can Be Assessed

Creating Metrics

Measuring Performance

Improving Performance

Case Study

Module Seven: Review Questions

Module Eight: Relationships

Qualities of Effective Relationships

Relationship Pitfalls

Building Trust

Maintaining Relationships

Case Study

Module Eight: Review Questions

Module Nine: Amending Contracts

Redlines and Strikeouts

Replacing Clauses

Describing Amendments

Amendment Status

Case Study

Module Nine: Review Questions

Module Ten: Conducting Audits

Why Audit?

Plan

Establishing Procedures

Investigate and Report

Case Study

Module Ten: Review Questions

Module Eleven: Renewing Contracts

Involve Stakeholders

Review

Check for Accuracy and Changes

Update or Cancel

Case Study

Module Eleven: Review Questions

Module Twelve: Wrapping Up

Words from the Wise

Review of Parking Lot

Lessons Learned

Completion of Action Plans and Evaluations

What is contract management?

"Contract management is the process of managing contract creation, execution and analysis to maximize operational and financial performance at an organization, all while reducing financial risk. Organizations encounter an ever-increasing amount of pressure to reduce costs and improve company performance"

Why choose our online training courses?

All our e-learning courses can be accessed on any electronic/computerised device.

Study anywhere, in your own time and at your own pace!

Easy to follow and understand

Only 4-6 hours recommended study time

1-year access to course & learning materials

Access your course anytime, anywhere & on any device

Complete course on desktop computer, laptop, tablet or smartphone

Additional references and downloadable materials available

CPD accredited certification on completion

Course accreditation

The content of this online training course has been independently certified as conforming to universally accepted Continuous Professional Development (CPD) guidelines.

Organisational e-learning

Are you responsible for organisational training and development or organisational statutory and mandatory compliance? You may want to find out more about how Learning Management System (LMS) may help your organisation. With our interactive LMS, managers and administrators can easily:

Contract Management - Online Training Course & Certification

How do I book this course?

To enroll onto this e-learning course, please add the course to your basket. From there, you will be able to go to our secure checkout page to complete your booking. Please note: If you are booking the course for a friend or colleague, this can be stated in the notes section of the ‘basket’ area so our system knows the individual(s) needing to be enrolled.

Once your payment has been confirmed, you will receive a booking confirmation email with a receipt. Immediately after purchase, you will receive an email with further instructions and unique login credentials to access your learner account. You will then need to follow the instructions and login to your learner account, where the course(s) booked will be ready for you to start!

How does the course work?

Our online training courses can be completed the on your desktop computer, laptop, tablet or mobile device anywhere there is an internet connection.

These online training courses are self-paced, so learners have full control and flexibility on when they wish to complete. There is no deadline for completion, but the course will expire from a learners account after 365 days, whether it has been accessed or not. Learners are required to achieve 80% pass mark to successfully complete the course and achieve a certificate. Certificates achieved can be downloaded from the learner profile page.

Refund policy

We want you to be completely satisfied with your training. We offer a 14-day money-back guarantee if you are not 100% satisfied.

To request a refund, you should email our support team with your receipt stating why you would like to be reimbursed. You, or your learners, must not complete the training to make a valid refund claim. Any courses that have been completed and those with certificates achieved will not be valid for a refund.

Will the course work on multiple devices, such as tablets and mobile phones?

We recommend using a desktop or laptop device for the best learning experience. These online courses can also be taken on tablet and mobile devices, e.g. iPads and iPhones.

Is a specific internet web browser recommended?

For the best possible experience, we recommend that learners use Google Chrome, Microsoft Edge, Internet Explorer 11 or Firefox. Please ensure there are no updates pending on your browser.

How long do learners have to complete a course?

There is no set completion time for this course. Learners can study in their own time at their own speed and may pause, leave and come back to the system to continue the training at any time.

On successful completion of this e-learning course, you will be able to download, save and/or print a quality assured CPD certificate. Our CPD certificate can be used to provide evidence for compliance and audit (recognised internationally).

Learners are required to achieve a score of 80% or higher on the end of course assessment to successfully complete the course and achieve a certificate. Certificates achieved can be downloaded from the learner profile page.

All our online training courses and programs are accredited by the CPD Certification Service as conforming to universally accepted Continuous Professional Development (CPD) guidelines.

Are you looking to buy this course for multiple members of staff or a large group?

We offer very competitive volume discounts for users looking to enrol multiple candidates on to any of our online training courses & qualifications.

Please call our Support Team on 024 7610 0090 or go to our E-Learning for organisations page for full details and pricing:

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